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Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

Alternate Symbol(s):  SLTTF | T.SOT.UN | T.SOT.DB.A | T.SOT.DB.B

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of approximately 54 commercial properties located in Canada, the United States and Ireland. The REIT's Canada operations include Atlantic, Ontario and Western. The REIT is externally managed and operated by Slate Management ULC.


TSX:SOT.DB - Post by User

Comment by Tree2treeon Nov 16, 2024 8:39am
78 Views
Post# 36316298

RE:RE:RE:For your interest

RE:RE:RE:For your interest
There is a long list of factors, not only net proceeds and vacancy rate, that management would consider in deciding which properties to sell when.  Including the future upside, if you are thinking as a future owner of the renewed SOT.  Even if a sale is roughly neutral to debt ratios and occupancy, it still reduces the depth of the hole they have to climb out of through refinancing.
 
With the Welches, you had the feeling they could fly the airplane into the ground as long as they had their paycheques and their parachutes.  I have far more confidence in a company led by GA's approach to value investing.
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